Archive for the ‘Career Resources’ Category

College Guide to Building and Protecting Credit

Monday, March 10th, 2014

With so many things to consider as you make the transition from high school to college, your credit score hardly seems like your most important concern.  The fact is, many college students first come to terms with their own credit status as they look for ways to cover tuition and other expenses associated with post-secondary education. And many are disappointed with what they find in their credit reports.

Young adults are at a disadvantage in the lending industry; primarily because most have not established themselves with long histories of borrowing money and successfully repaying it.  Despite limited exposure, there are ways to move your credit standing in a positive direction – before, during and after college.  The keys to increasing credit worthiness are understanding how financial interactions work and making sure your borrowing relationships always have positive outcomes.

What Matters?

Building a good credit rating doesn’t happen overnight, which is precisely why young people are not in the best position for proving their creditworthiness.  Your credit health is based on a series of evaluations conducted by three primary credit reporting agencies.  By looking at your borrowing and repayment history, credit agencies assign a number to your performance.  The scale tops-out at 850, with scores above 700 representing what would generally be considered “good credit”.

To arrive at the figure, credit evaluation organizations look at the types of borrowing in your past.  The highest scores are assigned to borrowers with long track records of repayment success.  The function of your credit score is to provide assurances to lenders that you are able and willing to pay borrowed money back.  Banks and other lenders want to limit their own risk levels, so they use credit reports to determine whether or not you are a safe prospect.  And it isn’t only the number of credit accounts you’ve successfully managed, but also the types.

Types of Credit

There are essentially two types of credit that show-up on credit histories, influencing how credit scores are assigned.  Revolving credit, on one hand, applies to credit relationships like the ones extended by MasterCard and Visa.  Under the terms of revolving contracts, consumers make purchases and payments on a “revolving” basis, usually tied to calendar months.  Purchases made during this month will typically bill during the following month, influencing the account balance and minimum payment requirements.  Covering the entire cost of a purchase wipes the slate clean, without interest charges being added.  When balances are carried over, however, the issuing creditor adds a few percentage points of interest to the card balance, which borrowers pay above and beyond the cost of items purchased.

Managing revolving credit accounts is a great credit-building opportunity for young people.  Even if you only have one major credit card; making on-time payments and successfully managing revolving balances shows creditors you are responsible enough to meet your financial obligations.

The other class of lending that credit agencies evaluate is called installment credit.  Unlike revolving terms, installment credit involves a single one-time loan, which is set-up for repayment over a designated period of time.  Home mortgages, for example, extend for decades of repayment, requiring borrowers to pay the same amount each month, until the loan balance and interest are fully accounted for.  Because they show long-term credit relationships, installment loans provide important references for creditors, who assign higher credit scores to individuals with proven installment loan repayment successes in their credit histories.

Automobile loans are excellent examples of installment loans undertaken by young people.  While you may not take out a mortgage during college, a successful history paying back your installment car loan is an important credit-building opportunity.  Missing even one payment can have a negative impact on your credit score, so repaying on-time should never be taken lightly.

In addition to credit cards and car loans, utility and phone contracts also furnish ways for college students to build and protect their credit standing.  Staying current on required payments adds fortification to your positive repayment history, furnishing more examples for credit agencies to look at.

Even student loans are part of your credit history, so staying on pace with repayment is another way to shine among creditors.  Never let a student loan default – it has negative impacts on your credit rating.  Instead, use deferments or grace periods to offset payments until you are financial able to cover your commitments.  Working with lenders before you run into problems is a much better strategy than picking up the pieces following student loan default.

While college students don’t always have the lengthy, diverse credit history shared by seasoned borrowers; there are still ways to move credit ratings forward.  Above all else, take care to manage your accounts properly; repaying loans on schedule and keep revolving accounts current.

This guest post is contributed by Rebecca Gray, who writes about free background check for Backgroundchecks.org. She welcomes your comments at her email id: GrayRebecca14@gmail.com.

Smart Planning Helps Save On College Costs

Sunday, February 21st, 2010

Increasing college and university costs make decision-making more and more pertinent for younger students.

Tuition outpaces the rate of inflation and has for more than 30 years. With most colleges and universities releasing data that indicates increases at 5 percent to 6 percent in tuition and fees, most students need to stick with a four-year plan of attack. Students unsure of majors can cost themselves or their parents for a fifth year of college. In today’s money, for tuition alone, a fifth year of college at a private institution will cost $35,636 (including room and board) and at a public institution, $15,213 (including room and board at an in-state rates).

While there seems to be no end in sight for increasing college costs, being better prepared when entering those college or university doors may mean big savings. According to MyMajors.com founder Dr. Fritz Grupe, failing to get started on time with a highly structured major such as engineering or computer science, may make an extra year of studies necessary, costing not only an extra year of tuition, but also books, lodging and meals, lost wages and a delay in beginning “real” life.

Grupe says about 80 percent of incoming first-year students lack focus and that indecision can be expensive. To help undecided students, especially those finishing the last couple of years in high school, Grupe created an interactive Web site that unites school experience and personal values to recommend majors. The majors are for consideration and direction, plus the site features other information about coursework and the jobs they could lead to and other resources to find success in those specific majors.

Grupe says most students can be helped, including those who fall into categories like “naïve,” “indecisives,” and “the clueless.” These are students that think they know what career they would like, but careers and majors are not the same things. Perhaps they cannot see how to make the transition from the career they want to a major that will get them there. Maybe they simply do not know what majors are available. Or they are students who waffle on all decisions and are overwhelmed under the weight of so much data. Still others lack direction.

The Web site www.MyMajors.com may just be that resource designed to aid students and to recommend majors that appear to be good ones based on the student’s high school experience and personal values. In providing direction, Grupe’s creation may provide tangible savings for the student and parents.

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October 14, 2009 edition of carnival of college admission

Thursday, October 15th, 2009

Choosing the Right College

Now that summer has officially ended we are in the midst of many of the annual rites of fall: changing colors of the leaves; college football; and college applications.  For many, the debate rages over whether or not they should apply Early Decision.  Todd Johnson tells you what you need to think about before applying early decision to a college in his post Is Early Decision Right For You? at College Admissions Counseling.  Another hotly debated issue is that of college rankings. Admissions expert Brady Norvall shares his perspective on whether you should consider us college rankings when choosing a college in his post Ranking the US College Rankings posted at myUsearch blog.   Also, as students stare at their college applications they are often faced with the question of “What do you want to do after college?”  Nissim Ziv presents What Career is Right For Me? Finding the Right Career Path posted at Job Interview Guide.  Just as there are many new career paths, there are also many new majors available at universities.  Saying, “Some of the hottest new college majors need some decoding — learn what subjects like sustainability and health informatics are all about,” Dawn Papandrea does just that in Decoding Emerging College Majors posted at CollegeSurfing Insider.

Deidre Laverriere presents Top 10 Free Open Courseware Directories posted at Online University Rankings.

Dickon Ervin presents Top 10 Free Open Courseware Classes for Teachers posted at Masters in Health Education.

Wikholm Nelida presents Top 10 Free Open Courseware Classes About Science posted at masters in health science.

Susie Cortez presents Top 10 Free Open Courseware Classes About Criminal Justice posted at Online Masters in Criminal Justice.

Nancee Dietrick presents Top 10 Free Open Courseware Classes about Career Management posted at Masters of Nursing.

Lisa Taylor presents 100 Best iPhone Apps for Academic Types posted at Accredited Online Degrees.

Shannon Wills presents 100 iPhone Apps to Seriously Boost Your Brainpower posted at Online Bible Colleges.

Chris presents Distance Learning Colleges and Universities posted at MJJ Party, saying, “Distance learning colleges and universities offer unique solutions to unique situations, and may be worth looking into for many.”

Ulysses Erwin presents How to Choose the Best Medical Billing School for You? posted at online medical billing courses.

JoeDale presents Accelerated College Degrees Online posted at Online Accelerated Degree Colleges, saying, “Are you interested in Accelerated College Degree Programs that allow you to earn an accredited degree at an accelerated pace? Compare universities offering accelerated classes and programs now.”

JoeDale presents Top Christian Universities | Online Christian Colleges and Universities – Christian Counseling Degree posted at Online Christian Colleges and Universities – Christian Counseling Degree, saying, “Christian Colleges and Universities finds, reviews, and discusses accredited universities offering accredited Christian Universities offering degrees online.”

Sandra Lopez presents 100 Educational Twitter Feeds for Med Students posted at RN Central.

College Life

While most students are focused on what they hope to do in the new semester, Brett J Callahan presents Five Back-to-School Do NOT’s posted at 2East: The College Living Blog.  Also, back on campus many students are feeling a financial pinch and might be tempted to look for credit cards.  For these students, Jim presents Best Student Credit Cards posted at Blueprint for Financial Prosperity.  In order to save money, many students are considering moving off campus.  Across the country, many new students are just tussling with their first college exams and term papers.  Don’t worry freshman,Carolyn Friedman gives you useful web tools that will help you earn the grades your parent’s will be proud of while you are secretly having the time of your life as a freshman at 75 + Useful Web Tools for Your First Year of College posted at Online Christian Colleges, Tom Tessin gives tips you can use if you’re looking to find an apartment around the college campus in Apartments for College Students ? Finding One posted at FCC Student Blog.  With the recession, many non-traditional students are heading back to school as well.  Read about going back to school at age 40 when softmelon presents Back to School posted at The Den of Psychosis.  Here are some other resources:

Linda Jones presents 100 Educational, Entertaining Twitter Feeds Everyone Should Read posted at AccreditedOnlineColleges.org.

Carol Brown presents 100 Awesome Bookhacks for Students & Bibilophiles posted at online classes.org.

Anne Simone presents 100 Best Blogs for Econ Students posted at Online Universities Weblog.

Gene Desrosiers presents Top 10 Free Open Courseware Classes about Healthcare Policy posted at Masters in Health Administration.

Mayra Forbes presents Top 10 Free Open Courseware Classes About Statistics posted at Masters in Health Informatics.

Ayomide Astley presents Top 10 Free Open Courseware Classes About Nutrition posted at Online Masters in Health.

Financial Aid

Need-based financial aid deadlines are just around the corner, but there is no time like the present to start researching scholarships.  Chris presents All About the Tylenol Scholarship posted at MJJ Party.  One of the keys to financing a college education is to start saving early.   Patrick @ Cash Money Life presents Open New Ohio 529 Account to Get $200 in Bonuses posted at Cash Money Life, saying, “The Ohio 529 College Savings Plan, CollegeAdvantage, is offering a generous sign up bonus for new accounts. You can easily earn a couple hundred dollars to go toward your college savings.”

Getting Admitted

To ED or not to ED, that is the question.  Mark Montgomery tackles this question in his post Early Decision or Regular Decision in College Admission–Which is Better? posted at Great College Advice, saying, “Students and parents are often confused about whether to use early decision as a strategy for admission. This post clears up that confusion.”  There is a lot of talk about the growing gender gap at America’s college campuses.  Andrew Syrios tackles this issue in Lies, Damned Lies and Statistics: The Female-Male College Gap | SwiftEconomics.com posted at SwiftEconomics.com.

Susan White presents 100 Incredible, Cutting-Edge Lectures for Medical Professionals posted at RN Central.

Alex Filley presents Top 10 Free Open Courseware Classes About Health Care posted at Masters in Health Care.

Stacie Young presents 100 Best Blogs for Your Liberal Arts Education posted at Online Schools.

Linda Jones presents 100 Awesome iTunes Feeds for Every Kind of Teacher posted at AccreditedOnlineColleges.org.

Graduate Schools

Unfortunately, not every application has a happy ending.  Adam Markus presents A Happy Story of HBS Rejection posted at Adam Markus: Graduate Admissions Guru, saying, “A MBA admissions consultant reflects on The Snowball by Alice Schroeder”

Kawi presents Nazi Pogroms at University of Kassel, Germany posted at Neo-Nazi Global Labour University (GLU), Germany, saying, “There have been rape attempts on international students at Kassel University, Germany; yet the government of Germany has never wanted to take notice of these ongoing complaints. Hence, students have been warned against applying there.”

Sidney Phipps presents Top 10 Free Resources for Digital Learners posted at Online University Reviews.

Akilah Honanie presents How to Choose the Forensic Science Degree for You posted at Best forensic science schools.

Jess Viengxay presents 7 Excellent Career Tips for Criminal Justice Professionals posted at Best masters in healthcare.

Farias Andrew presents 7 Excellent Career Tips for Work-at-Home Moms posted at Best ultrasound schools.

Watches Jacob presents How to Choose the Best MHA Degree Program for You? posted at online MHA degree.

Edwin Campton presents How to Choose the Best Online University for You? posted at Best online university reviews.

Lara Bailey presents How to Choose the Best Medical Coding Program for You posted at online medical billing careers.

Shanon Hofmann presents 7 Excellent Twitter Tools for Lawyers posted at Best masters in criminal justice.

Other Cool Stuff

Candice Arnold presents AIESEC Internships Foster Understanding and Improve Students’ Marketability : CollegeRecruiter.com Insights by Internship Experts Blog posted at CollegeRecruiter.com.  Lynn Mattoon presents Gearing Up for the Careers of Tomorrow posted at My College Admissions Blog – MyCollegeCalendar.org, saying, “Today’s college students may be preparing for jobs that don’t exist yet!”

Kathy Wilson presents 100 Best Blogs for Photography Students posted at online classes.org.

Diane Steward presents 25 Excellent “Dot Gov” Tools to Research Any Online School posted at Online University Data, saying, “From search tools to financial aid resources and more, these 25 Web resources from the government will help you in your quest to earn any degree.”

Kathy Wilson presents 10 U.S. Presidents Who Got Their Start in Teaching posted at Online Schools.

OnlineCollege presents The Top 100 Colleges on Twitter posted at Universities and Colleges.

Jacqueline Gharibian presents Top 10 Education Apps|iPhone Application for Students posted at Ipod Instructions-Ipod 101.

Rose King presents 100 Free Tools to Tutor Yourself in Anything posted at online classes.org.

Hannah DeMilta presents Thinking in A Foreign Language | Al Jamiat Magazine posted at Al Jamiat Magazine.

Mai Melvin presents 7 Excellent Twitter Tools for Nurses posted at Masters in nursing.

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How to Captivate and Impress a Hiring Manager

Saturday, August 22nd, 2009

By Ronnie Ann Ryan – The Job Search Coach – www.CollegeGradCoaching.com

One surefire way to make a good impression with during your interview is to let the hiring manager know you’ve done your homework to learn about the company. This demonstrates your serious interest in the position and the business.
As a job search coach, I am surprised at how few people actually investigate prospective employers, and yet, it’s so easy! Check out these resources:

1. Visit the company website and read the home page, mission statement, “about us” section and any news posted. Learn about the business and what other positions are open.
2. Search the web to see what kind of media coverage they’ve received. Look for press releases and other news in daily papers, business periodicals, or blogs.
3. If the business is publicly held, look for an annual report which details the financial picture. Check out wwww.AnnualReports.com to download the report as a pdf file.
4. Search the Internet for customer complaints to get a full picture, although you probably won’t bring this up.
5. Look for key players on www.Linkedin.com and review their profiles. You may know people in common who can answer questions or even the person you’ll be interviewed by.

Before your next interview, read everything you can about the company. Work those facts into your questions and answers when possible. The more you know, the better your chances of speaking intelligently about why you are a good fit and the right candidate for the job.

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